In a time where the Fear and Greed index shows extreme fear, it's understandable why many are staying away from the markets... However, investors who are able to hold on for the longer term may find this to be a good time to enter.
My suggestion for today is $Tesla Motors(TSLA)$.
Tesla has been battered recently, and is down almost 50% from its recent high of $1,200 per share. However, things look to be turning around for this EV maker.
Recently, it was announced that Tesla wouldbe adding a second shift at its factories, something that was impossible during the peak of Covid in Shanghai. Analysts are expecting a turnaround, with Tesla increasing production significantly in the second half of the year. Combined with the fact that Tesla is still a lead in the EV space, we could see increased profits very soon.
Another sign for those watching: Cathy Wood's ARK investments have recently added Tesla shares again, after a selloff earlier in the year.
This could be a great time to buy Tesla. Good luck to all!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great Article about Tesla
Ok